B2B Visa platform StampMyVisa raised Rs 6.6 Cr Pre-series A funding from Unicorn India Ventures
A pre-Series A funding round led by Unicorn India Ventures has raised Rs 6.6 crore for StampMyVisa, a business-to-business (B2B) visa platform.
According to a press release from StampMyVisa, the new funding will be utilized to support the company’s rapid expansion, improve AI capabilities, and allow it to launch cutting-edge services that revolutionize how companies handle international travel and visa procedures for Indians going overseas.
StampMyVisa is an AI-powered platform that was introduced by Rahul Borude and Pravin Wadekar to streamline the difficult visa application process for companies. With a focus on business-to-business travel, the platform helps corporates, travel agencies, MICE firms, and online travel agencies streamline and automate visa processing, which guarantees quicker approvals, fewer mistakes, and improved international compliance. StampMyVisa wants to revolutionize the way companies handle international travel paperwork by providing them with scalable and user-friendly technology that will enable them to easily expand internationally.
Market research projects that the global e-Visa market will reach $2,395.2 million by 2032, with a compound annual growth rate (CAGR) of 11.1% from $1,030.5 million in 2024.
Over the past 12 months, StampMyVisa says it has more than doubled in size, processing hundreds of visas every day while maintaining total adherence to international laws. In order to establish itself as a one-stop shop for all things related to international travel, including eSIMs, travel insurance, and visa processing, the company also intends to launch new products that will improve the client experience. In the next 12 to 18 months, StampMyVisa wants to process one million visas a year.
In the past, Unicorn India Ventures has supported businesses like Pharmarack, Sequretek, Open Bank, and SmartCoin. Its current Fund III, worth Rs 1,000 crore, intends to assist the upcoming generation of cutting-edge digital platforms.
